Was this the most important court decision of the 20th Century?

Today, May 26 2012, is the 80th anniversary of what (to me) is the most important judgment to the insurance industry delivered in the 20th Century.  While this case is introduced in the most basic of law studies, many fail to appreciate the momentous change that the decision heralded. While five Law Lords of the English House of Lords decided the case, the ruling by one, an Australian […]

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My heart goes out to the residents of Christchurch

I was upset to hear that Christchurch has been hit by yet another significant earthquake today, 25th May at 2.44pm. This time it was rated at 4.7 with a magnitude, although first reports had it at 5.2. The location was 43.494°S, 172.964°E at a depth of 8.8 kilometres. Thankfully, no injuries were reported and damage was minimal. People, however, were frightened and reports say many ran into […]

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Condition Reports and Valuations on Stamps and Coins

Having an arsenal of experts that you can trust is one of the most important assets to have as an underwriter, broker or claims expert. Recently, I was asked to provide a reference to a stamp and coin dealer that I have relied on for around 40 years. Les Sheward of Eljay Stamps and Coins has been of great help to me in pre and […]

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YouTube video on the benefit of business interruption insurance

Zurich Insurance has produced a very good quality YouTube video on the effects of a major fire on a business. It is so well done that I thought it worth sharing as brokers/advisers may find it useful in explaining the need for this vital cover. http://youtu.be/uo-GlbvKx9Y

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Blog Question: Linking to the site?

I received the following question overnight: Allan thank you for your time and knowledge at the recent  Insight NAS conference in Glenelg. I have had a look at your site and  I am interested in whether I can link your site to my web site. Can I have your permission to do so? Regards Merrianne” (Surname and email provided] I answered as follows. Yes, that is […]

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New earthquake in Italy

I may have missed it on the news but I understand, via the great service provided by United Stated Geological Survey (“USGS”), that a sizeable 6.0Mw earthquake hit northern Italy (4km ENE of Camposanto) on 20th May. The earthquake occurred at 02:03 GMT (04:03am local time), causing severe shaking in the Emilia Romagna region and surrounding areas. According to the USGS, around 1.25 million people live in […]

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Preview of this weeks postings

It has been a big week for both LMI and I this week. I was part of a training program that has been travelling around Australia and this week we delivered sessions in Newcastle, Canberra and Sydney. The concept is a mock trial involving matters based on real cases. I do not want to say more as it has next week to run in Hobart, […]

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Should Co-Insurance be deleted on Business Insurance (Property and BI)?

I was honoured to take part on a panel session at the Insight Insurance Brokers Association Inc over the weekend which was held in Glenelg, South Australia. A question came up that is one of the most common asked of me. That is: Is it not time that co-insurance (the penalty for a person being under insured) be removed from business insurance. I expressed my long […]

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Budget Changes to Accommodation Bonds

Back on November 21 last year, following the tragic nursing home fire, I posted an article on some of the specific insurance issues that arise around nursing homes. See http://www.allanmanning.com/?p=102. I received the following Blog Question shortly after the Federal Budget was released. Hello Allan. Effective 1st July 2014, aged care facilities will lose the Federal Government’s guarantee on Accommodation Bonds. Not only will this affect […]

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Slip and Fall Cases – Review of Strong v Woolworths

Slip and Falls – The Risk to Retailers There has been a recent and significant case on liability for slipping injuries which with the help of LMI Group’s Corporate Counsel, Peter O’Brien, I thought I should share with you.  The case of intesest is Strong v Woolworths Limited [2012] HCA 5. In this case, the High Court of Australia recently reconsidered the law on causation and slipping. […]

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